North America Grease Additives Market Forecast to 2028-Regional Analysis- Type, Application

List of Tables

The North America Grease Additives Market is expected to grow from US$ 88.27 million in 2022 to US$ 104.49 million by 2028. It is estimated to grow at a CAGR of 2.9% from 2022 to 2028.

Proliferation of Automotive Industry Fuel North America Grease Additives Market

Grease additives manufacturers worldwide invest significantly in strategic development initiatives such as product launches, mergers and acquisitions, and business expansion to attract consumers and enhance their product position. Local and international players are advancing and launching new products to cater to the rising demand for advanced grease additives. In November 2020, Evonik Industries AG selected Midcontinental Chemical Company, Inc (MCC) as its distribution partner in the US and Canada. With this partnership, MCC started offering superior-quality VISCOPLEX viscosity index improvers, VISCOPLEX pour point depressants, and VISCOBASE base fluids by Evonik as an integral part of its comprehensive portfolio. Further, key players in the North America Grease Additives Market are expanding their manufacturing plants to meet the growing demand for long-life lubricants. In January 2019, BASF SE announced an investment in Mexico and China to ramp up the production of antioxidants for lubricants. With this expansion, the company aims to cater to the burgeoning demand for antioxidants with the rising number of vehicles produced in Asia and the increasing demand for long-life lubricant additives. Thus, such strategic initiatives by key market players drive the growth of the North America Grease Additives Market.

North America Grease Additives Market Overview

The North America Grease Additives Market is highly competitive, with many manufacturers competing based on product quality and innovation. They have strong distribution networks and a well-established clientele of domestic and international manufacturers. Players compete based on product quality, pricing, and differentiation. They are adopting strategies such as R&D investments, partnerships, and expansions to stand out as strong competitors in the market. For instance, in November 2021, Evonik Additives announced the appointment of a new distributor in Greece. Thus, the impact of the threat of competitive rivalry in the North America Grease Additives Market is estimated to be high.

North America Grease Additives Market Revenue and Forecast to 2028 (US$ Million)

North America Grease Additives Market Segmentation

The North America Grease Additives Market is segmented into type, application, and country.

Based on type, the North America Grease Additives Market is segmented into oxidation inhibitors, corrosion inhibitors, anti-wear agents, pressure additives, metal deactivators, and others. The oxidation inhibitors segment held a larger share of the North America Grease Additives Market in 2022.

Based on application, the North America Grease Additives Market is segmented into automotive, aerospace, marine, mining, steel mill, construction machinery, and others. The automotive segment held the largest share of the North America Grease Additives Market in 2022.

Based on country, the North America Grease Additives Market is segmented into the US, Canada, and Mexico. The US dominated the share of the North America Grease Additives Market in 2022.

Key players dominating the North America Grease Additives Market are Afton Chemical Corp; BASF SE; Clariant AG; Croda International plc; Evonik Industries AG; Shamrock Technologies Inc; The Lubrizol Corp; RT Vanderbilt Holding Co Inc; Lanxess AG; and IPAC Inc.

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Product Code: BMIRE00028713

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 North America Grease Additives Market, by Type
- 1.3.2 North America Grease Additives Market, by Application
- 1.3.3 North America Grease Additives Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. North America Grease Additives Market Landscape

4.1 Market Overview
- 4.1.1 Bargaining Power of Suppliers
- 4.1.2 Bargaining Power of Buyers
- 4.1.3 Threat of New Entrants
- 4.1.4 Competitive Rivalry
- 4.1.5 Threat of Substitutes
4.2 Ecosystem Analysis
- 4.2.1 Raw Materials
- 4.2.2 Manufacturing
- 4.2.3 Distributors/Suppliers
- 4.2.4 End-User Industries
4.3 List of Vendors
4.4 List of Grease Manufacturers and Suppliers
4.5 Calcium Sulphonate Grease Technology
4.6 Expert Opinions

5. North America Grease Additives Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Proliferation of Automotive Industry
- 5.1.2 Strategic Initiatives by Key Market Players
5.2 Market Restraint
- 5.2.1 Stringent Government Policies
5.3 Market Opportunity
- 5.3.1 Increase in Wind Turbine Installations
5.4 Future Trend
- 5.4.1 Burgeoning Demand for Synthetic Grease
5.5 Impact Analysis

6. Grease Additives - North America Market Analysis

6.1 North America Grease Additives Market -Revenue and Forecast to 2028 (US$ Million)
6.2 North America Grease Additives Market -Volume and Forecast to 2028 (Tons)

7. Grease Additives Market Analysis - By Type

7.1 Overview
7.2 Grease Additives Market, By Type (2021 and 2028)
7.3 Oxidation Inhibitors
- 7.3.1 Overview
- 7.3.2 Oxidation Inhibitors: Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.3.3 Oxidation Inhibitors: Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Corrosion Inhibitors
- 7.4.1 Overview
- 7.4.2 Corrosion Inhibitors: Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.4.3 Corrosion Inhibitors: Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Anti-wear Agents
- 7.5.1 Overview
- 7.5.2 Anti-wear Agents: Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.5.3 Anti-wear Agents: Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Pressure Additives
- 7.6.1 Overview
- 7.6.2 Pressure Additives: Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.6.3 Pressure Additives: Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Metal Deactivators
- 7.7.1 Overview
- 7.7.2 Metal Deactivators: Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.7.3 Metal Deactivators: Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
7.8 Others
- 7.8.1 Overview
- 7.8.2 Others: Grease Additives Market - Volume and Forecast to 2028 (Tons)
- 7.8.3 Others: Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)

8. North America Grease Additives Market Analysis - By Application

8.1 Overview
8.2 North America Grease Additives Market, By Application (2021 and 2028)
8.3 Automotive
- 8.3.1 Overview
- 8.3.2 Automotive: North America Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Aerospace
- 8.4.1 Overview
- 8.4.2 Aerospace: North America Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Marine
- 8.5.1 Overview
- 8.5.2 Marine: North America Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Mining
- 8.6.1 Overview
- 8.6.2 Mining: North America Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Steel Mill
- 8.7.1 Overview
- 8.7.2 Steel Mill: North America Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.8 Construction Machinery
- 8.8.1 Overview
- 8.8.2 Construction Machinery: North America Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)
8.9 Others
- 8.9.1 Overview
- 8.9.2 Others: North America Grease Additives Market - Revenue and Forecast to 2028 (US$ Million)

9. North America Grease Additives Market - Country Analysis

9.1 North America Grease Additives Market
- 9.1.1 North America Grease Additives Market, by Key Country-Revenue (2022) (US$ Million)
- 9.1.2 North America Grease Additives Market, by Key Country
  - 9.1.2.1 US: North America Grease Additives Market -Revenue and Forecast to 2028 (US$ Million)
  - 9.1.2.2 US: North America Grease Additives Market -Volume and Forecast to 2028 (Tons)
    - 9.1.2.2.1 US: North America Grease Additives Market, by Type
    - 9.1.2.2.2 US: North America Grease Additives Market, by Type
    - 9.1.2.2.3 US: North America Grease Additives Market, by Application
  - 9.1.2.3 Canada: North America Grease Additives Market-Revenue and Forecast to 2028 (US$ Million)
  - 9.1.2.4 Canada: North America Grease Additives Market-Volume and Forecast to 2028 (Tons)
    - 9.1.2.4.1 Canada: North America Grease Additives Market, by Type
    - 9.1.2.4.2 Canada: North America Grease Additives Market, by Type
    - 9.1.2.4.3 Canada: North America Grease Additives Market, by Application
  - 9.1.2.5 Mexico: North America Grease Additives Market-Revenue and Forecast to 2028 (US$ Million)
  - 9.1.2.6 Mexico: North America Grease Additives Market-Volume and Forecast to 2028 (Tons)
    - 9.1.2.6.1 Mexico: North America Grease Additives Market, by Type
    - 9.1.2.6.2 Mexico: North America Grease Additives Market, by Type
    - 9.1.2.6.3 Mexico: North America Grease Additives Market, by Application

10. Industry Landscape

10.1 Overview
10.2 Expansion
10.3 New Product Development
10.4 Partnerships

11. Company Profiles

11.1 Afton Chemical Corp
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 BASF SE
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Clariant AG
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Croda International plc
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Evonik Industries AG
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Shamrock Technologies Inc
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 The Lubrizol Corp
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
11.8 RT Vanderbilt Holding Co Inc
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
11.9 Lanxess AG
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
11.10 IPAC Inc
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments

12. Appendix

12.1 About the Insight Partners
12.2 Glossary of Terms